it was brought on by poor decisions that were made in washington and on wall street. yes, there's a glofl g dimensio of this but a big part of it was failures of domestic policy. if you look to our northern neighbor, canada, it had nothing like the same definition banking crisis as the united states did and that's a partly because it d much more effective regulations of the financial sector. you know over this period that we saw leverage and speculation increasing on wall street, washington, both democrats and republicans, were trying as hard as they could to allow wall street to do even more. s so winner-take-all polit has produced a winner-take-all economy, right? >> yes. >> yes. >> and the wisers are? >> the winners are those who've made outer so ll in this new economy. the very well off and financial -- and people in the highest reaches of finance and corporate executive suites. >> and the losers? >> well, the losers, i think, almost all of us. i think almost all americans lose from the shift tard a society in which rewards are so narrowly concentrated on a small